JPY is going to be stronger in future-Elliot Wave Analysis
As we see the price has completed its recent cycle on 11 July, 2024.
It is now in a major correction where the wave 'A' is already formed.
Now the price is forming the wave 'B' and its minimum destination is 61.80%
After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone.
The more days are passing by, selling opportunity is emerging.
So be patience and enter into the market with confident.
It is now in a major correction where the wave 'A' is already formed.
Now the price is forming the wave 'B' and its minimum destination is 61.80%
After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 175 zone.
The more days are passing by, selling opportunity is emerging.
So be patience and enter into the market with confident.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.